HKD HIBOR mostly traded in a narrow range; one-month rate rose for a second straight day to 2.71%

On October 29, HKD HIBOR rates mostly traded in a narrow range, with the one-month rate, which is linked to mortgage payments, at 2.71494%, up 0.143 basis points; the three-month rate, which reflects banks' funding costs, at 3.21399%, down 0.214 basis points. The overnight rate was at 2.50000%, down 3.911 basis points; the one-week rate rose 0.071 basis points to 2.67732%, while the two-week rate rose 0.071 basis points to 2.68750%.